Availability of real estate financing in Spain

Financing the purchase of a property in Spain is possible through a mortgage not only for Czech citizens for EU citizens but also for non-EU citizens. Alternatively, it is also possible to obtain a mortgage loan in the local country of the client via e.g., an equity release mortgage.

Why consider buying a property on the Costa del Sol?

- Year-round tourist season – year-round opportunity to generate cash flow
- Opportunity to acquire a seaside property for retirement
- Possibility to diversify your real estate portfolio
- The official language is Spanish, but you can easily communicate in English
- Beautiful location, safety, tranquility, and comfortable amenities

Services

  1. In cooperation with our partner banks in Spain, we can help you finance the purchase of a property in Andalusia, Costa del Sol or Costa Blanca with a mortgage

  2. Free Expert Advice: We do not charge to get you an offer or to do a pre-qualification check to see if you are eligible.

  3. We compare financing offers from across the entire market. We secure the most advantageous mortgages or loans for you, so you can acquire a property according to your preferences.

  4. We will compare offers from multiple banks, properly structure your income, assist with documentation, and significantly increase your chances of approval. For development projects, we also ensure the correct setup.

  5. Spanish banks actively provide mortgages to foreign clients. Typically, you can obtain a mortgage of up to 70% of the purchase price for individuals. For legal entities, it is usually up to 60% of the purchase price. For a clearer example: for a property priced at €500,000, you can obtain as an individual person financing of up to €350,000, while the remaining €150,000 is covered from your --own funds.

  6. Fixed rate: the monthly payment remains the same throughout the entire loan term. Ideal for those who prefer stability and protection against potential future increases in Euribor. The recommended fixed period is typically 3–8 years, depending on your financial situation and individual preferences.

  1. Fixed, variable (Euribor + margin), and mixed mortgages are available, combining the security of a fixed rate in the initial years with the flexibility of a variable rate later.

  2. Mortgage approval in Spain, after submitting all required documents (contracts, tax returns, proof of assets, bank statements, etc.), usually takes 2–4 weeks.

  3. Resident Mortgages: If you are a Spanish resident and pay taxes in Spain you can borrow up to 80% LTV.

  4. The entire approval process, including preparation and submission of all documents, typically takes 8–10 weeks.

  5. We will be happy to prepare several options for you – you can choose a mortgage from a Czech bank or directly from a Spanish bank.

  6. Variable rate: the interest rate is reviewed every 6 or 12 months depending on Euribor. It is attractive during periods of declining interest rates, including 2026, but carries higher long-term risk.

  7. Example of a mortgage in Spain for non-residents: Input data: A 40-year-old foreigner is purchasing a new-build property in Spain. They have no other loans, and their net monthly income from employment is €3,500. Property price: €450,000. Requested loan amount: €250,000. Loan term: 20 years. Interest rate: 3.9% per year. Estimated monthly payment: €1,305

What income does the bank take into account when applying for a mortgage?

  • Passport

  • NIE

  • Confirmation of stable income. A certificate from the employer stating the type of employment, annual income, length of employment, and job position.

  • Bank statements with transactions for the last 6-12 monthss

  • Income documents in case of self-employment

  • Tax returns for the last two to three years (depending on the specific requirements of the selected bank).

  • Financial statements containing information about the company, industry, revenues, and profit for the past two years.

  • Company account statements for the last two years

  • Credit history in the country of residence

  • If there is passive income from property rental – a copy of the lease agreement.

  • Information about other sources of income (if any), e.g. income from securities.

  • Own deposit of 20–30% of the property price.

  • Good credit history.

  • Debt-to-income ratio not exceeding 35% (i.e. the monthly mortgage payment must not exceed 35% of net monthly income).

Spanish banks accept income from both stable employment and self-employment (freelancers / sole traders). If you are employed, it is important to provide an employment contract for an indefinite period and proof of regular income. If you are self-employed, the bank can easily verify your income through tax returns from the past 2–3 years. If you also generate income from your business and pay yourself dividends or profit shares, these can also be included. Banks also take into account capital income and rental income, but these must always be transparently documented and properly explained.
A significant advantage here is working with our experienced mortgage specialist, who will help increase your chances of approval and negotiate better commercial terms for the mortgage itself.

Who will guide you through the mortgage process?

Ing. Richard Paško is knowledgeable about the Spanish mortgage market, where he has arranged many successful mortgages over the past 3 years. He works with 4 renowned banking institutions, which allow him to secure the best conditions for his clients. He speaks Czech, Slovak, English, German, and partially Spanish. He holds a degree in economics and has a master’s degree in economics.

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